 All right, good afternoon traders and welcome to the special event here with Patrick Wayland Patrick's new bookmap user or presenter with us. So excited to have him on here And he's gonna go through how he reads the order flow for his his futures trading so Patrick's he's 34 years old. He's living in Hawaii surfing big waves and also riding the waves in the stock market on YouTube He has been day trading for six years documenting his journey through the markets Daily on his YouTube channel Here is his YouTube channel. I'll be putting this as well as special offers From Patrick for bookmap into the chat in YouTube also over in our discord channel So that you guys don't have to copy it down or anything like that Let's go through the disclosures and then we'll turn it right over to Patrick General disclosure all bookmap limited materials information and presentations are for educational purposes only General disc and should not be considered specific investment advice nor Recommendations the risk disclosure trading futures equities and digital currencies involve substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results All right, so Patrick. Let's let me get your screen up and then We are ready to go Yeah, we're all set and We can't hear you Hold on a minute here. We heard you. Good. Hey, there you are. Okay. All right. I Relive what's going on guys? So the big focus for me with recently I started using bookmap is because I just wanted to be able to Visualize where the liquidity is in the market as Bruce said I am a surfer I live in Hawaii. I like to think that the market is a lot like the ocean the market moves and waves Stocks move and waves and then obviously we won't we don't want to be entering That wave at the top we want to be you know at the bottom of those waves and you know if we're shorting vice versa We want to be selling high buying low not the opposite We don't want to be buying high and selling low So for me the big focus for bookmap is I really don't get that crazy I know bookmap has like a million, you know different Ways to display information and different indicators and all that but for me, I like to keep it very simple I wanted to be able to see where that liquidity is So this is pretty much what I have going on on my bookmap right now My big focus number one is where the VWAP is I tell everyone that if I had to pick one Indicator in the entire world It would be the VWAP because I believe that at least for futures that the VWAP is almost like a magnet When we get these moves up, it's like, okay, I'm expecting a move up and we're gonna test that VWAP level Right now we're kind of at a weird spot. We got Powell speaking in a little bit So the market kind of bounced off those lows But what I really like to focus on is again, you know Just keeping it very simple and seeing where these areas of liquidity are like right earlier this morning You can see we had a lot of support at this 3700 area. I mean we were just basically chopping around 3700 multiple times bouncing off at 3700 level and it was really just holding that support level. So as a Trader, I'm basically looking. Okay, if I want to get long I'm okay to get long seeing that we have all that all that liquidity down at that 3700 level But if let's say I want to get short Where would be my short entry? My short entry is gonna obviously be below that 3700 level Which I ended up getting a short making over two thousand dollars here on this trade alone Just from the idea of knowing that all that liquidity is there and I can see it's all been sitting there It's all been printing printing, you know, we had pushes down there. We popped back up We had some large areas of you know selling pressure You see the bubbles there showing us where all that selling pressure is if we zoom in we can kind of see we We barely got down there We got down to this level we kind of pushed back up and at that point I'm like, okay All I need to do is just wait for that 3700 level to be gone And then I can get short into my stop loss if I enter for this break to the downside, you know You see right here. I'm entering for that break below 3700 and then my stops gonna be 3700 And it's that simple for me as a futures trader The nice thing about trading futures is obviously I can go short long don't have to locate anything like that So really once I see that liquidity is gone there. We break through that liquidity We get all the selling pressure. We have volume spike We have everything coming up telling me that we're gonna break through that level I'm off to the races in Terms of getting a move from the 3700s. We moved all the way down here to 90s there We pushed back up. So on this move I Can basically enter with three contracts and then I'm gonna put my one You know my stop loss there at 3700 I'm looking for my target normally my targets around 10 handles on that first leg down So I can take a little bit off right there We can see we had some liquidity coming back in the markets at that 90 level one thing about these whole numbers I don't know why it is I've always heard this from traders around the world in experienced traders There's something about those whole numbers, you know 190 80 pretty much whole numbers always end up kind of acting as support mentally because people are kind of like They're looking like do I want to buy at 91 or would I rather buy at 90? So that's what's interesting is you'll see a lot of times these liquidity areas these big areas of liquidity Will end up kind of at these whole whole number areas like this one right here is at 85 So they're always there like kind of like sitting at these levels and we can see that 3700 right there was pretty clear Resistance once we push back up. So this gives me confidence I actually talked about it in a video today is the greatest thing about book map being able to see all this liquidity is it gives Me confidence that if I get short at 3700 we pull down here at 30 30 down to 3688 there if we pull down there and I can see that there's all that liquidity stacking up Still at that 3700 level we went from turning that area of support into resistance, right? So we're seeing that resistance there and I can go okay, you know, we're I can stay in this trade I can keep my stop loss at that 3700 level because I know that earlier that was a lot of liquidity as Support and now it's a lot of liquidity as resistance And you can see we ended up moving all the way down here to the 80s on this move down And again, guess what we had that support right there at the 85 showing that liquidity And you know, what's the nice thing about book map to that? I really enjoy is obviously like I can look at my my direct order matrix I can look at my order book my level to but it's different because I'm getting this illustration It's really illustrating kind of where that liquidity is. I'm not just seeing numbers on a chart I'm seeing this heat map and the heat maps are really giving me like an overall visual Representation of where those buyers and sellers are and what's interesting What's interesting is we broke through that level there at the 85s. We moved all the way down here to I think what like 75s Down there. So you can see we had a liquidity there at the 80s again that whole number, you know 85 80s and then we got down here down to 75s So on futures again, like I said like those whole numbers always kind of end up being support You can see there's a lot of liquidity down there right now the 650s the thing is I tell people at the end of the day like we don't know for sure if these areas of liquidity are buyers that are You know shorts trying to get covered are they long trying to get long at those levels We don't know for sure But what we do know is that there's people that are trying to interact with the market at those levels and the market again It moves and waves right the markets constantly moving in these waves You get a move up and a move down move up move down The market is not going to simply just go from here to here. It's gonna kind of go up. It's gonna go down It's gonna kind of wiggle its way down there and what's interesting is look at that once again You know if you were let's say you're short from the 700s You got that move down and you start to see that there's a lot of liquidity coming in at these levels At these 75 to 80 level now. You're like, okay I can get long down here because I can see the liquidity is coming in there. There's buyers coming in at this level I think a lot of that on this move down was probably short trying to get covered And then there's an idea of like a short squeeze Because now we get buyers coming in buyers coming in you can see you got spike in volume We got a lot of buyers interacting with the price there We push up and guess where we turn down again at that 3700 level once again that 3700 level acting as a resistance You can see the price pushed right up to that level It tried to get through there for a second try to get through that level that liquidity there at the 3700 and guess what It didn't get through there So it got denied right there at that level and that's something to obviously we you know We want to focus on is knowing that we already knew that 3700 level was earlier Acting as resistance. So if I'm trying to get long off this bottom at the 70s Where's my target? You know my target's gonna be at that previous area of resistance Previous area of support depending on if you're long or short So it's really just for me. It's visualizing, you know I'm a I feel like I'm a very visual person I like to be able to see kind of where these areas are Verse just being able to look on the chart or seeing, you know on the direct order matrix on my level two I can see all these orders on level two, but all I see is numbers I don't see kind of when the when the market's moving down to these levels Does it push up? Is it push back? Are we getting a lot of liquidity coming in there? Are people buy buy buy or is there a lot of volume you can see like right here on this bubble That's an aggregated bubble, you know 2400 volume coming in there buying that bottom But if I'm only looking at the level two, you know, I don't know after looking at that After that happens after those orders go through there that information is no longer on level two It just is only there when those orders are there once those orders gets filled I'm not gonna be able to see that also. I really like over here on the side We have the SVP the session range volume profile this again can really act as support in resistance These levels of volume profile a lot of people are trading volume profile these days They think you know at the end of the day you basically get these little gaps in the volume profile Where you can see we had a lot of volume traded up here at the 700 the 710 level a lot of volume traded up there So what that's that's telling me is that there's a lot of action in this level So if we push off a level that we don't have a lot of action at well, there's a pretty good chance We're gonna kind of push back up to where all that volume was traded at earlier in the day And that's kind of pretty much what happened here when we bounced off the 70s We got volume there. We push up. You see it's almost like little little peaks Little mountains, but we have that huge mountain of volume at that 700 level So that's telling me there's probably a lot of shorts that we're sitting there piling in at that 700 Trying to get this to move down and then when we move down We start to get these little peaks of a volume as well But pretty much like if I see a huge spike in volume on this on the volume profile over here And we break below that and we don't see there's much going on below Well, then I feel a lot more confident to hold that trade longer and that's exactly what I did earlier And you can see the video on my YouTube later on today But I basically shorted that 700 level knowing that there really wasn't much going on down there when it was happening I showed the book map in the trade as well So I'm basically looking for confirmation when we get these moves down Are we getting a lot of volume? Are we getting a lot of buyers and sellers? I also kind of keep this chart as like clean as possible because I really just want to be able to see where the majority of that Liquidity is sitting at and right now again. We can see you know this 3700 level. There's a lot of liquidity I mean that dark red right there It's a massive amount of liquidity and then we have you know down here at the 70s So there's not much going on in terms of like massive amount of liquidity and in these levels right now So we zoom in a little bit more. We can see you know This is really starting to stack up a lot of sellers is kind of sitting there trying to push this back down and I also Really like to kind of focus on if the price moves up if we push through 700 level Do we get liquidity coming into the bottom? Are we getting this? liquidity pushing back up as we're going so you can see you know if we zoom out go back to earlier as move as We're moving up is that liquidity following us pushing us back up Or are we just kind of getting a fake out and then we just get that drop like right here? You can see we pushed up but not much was going on in terms of orders coming in instead on that book Like there weren't people really trying to push this up They're you know if we if we would have broke through 700 We would have seen that there would be liquidity that was exchanged right here sitting on the book You know people having those orders there But instead we see that we kind of pushed up liquidity was sitting up here It wasn't below the price so that's telling me that there's that resistance there with that overall volume profile And again, you know, I'm trading futures. So the volume is a little bit different You know you're not getting millions of shares traded You're getting you know sometimes on these you know volumes 34 that volume there you have 437 but the thing is when do we see there's a lot of volume if I see there's a huge spike in volume I see a big aggregate of volume Well, that's normally telling me that that's kind of like the way the markets gonna move at that point So these smaller little bubbles are kind of like this noise, but then these bigger bubbles that I'm seeing here I'm like, okay, you know, we got 758 aggregated volume right there at that level when we push down So that's gonna kind of push us back down We can see that there was some liquidity coming in there at the 90s right there So and again now we're kind of going sideways. We have pal speaking at 2 So I think there might be some sideways action I was kind of worried about that that we're gonna be streaming at one 1 p.m Right now because he's supposed to talk at 2 so it was pretty good chance. We kind of just go sideways here But again, you know, look, we got all this resistance sitting there the 700s. So Let's see what kind of happens here Well, I think like I said, we kind of just might get that sideways action But again, you know, we don't have a lot of liquidity to downside here We got a lot more liquidity up here So I'm really kind of thinking that you know the markets wanting to kind of push up to this liquidity Which it did it's kind of pulling back down here to see what's gonna happen Are there gonna be buyers sitting down here? Are they gonna people trying to support this price? You can see right now There's some orders coming in there people are trying to prop this up at the 90s You got 90 91s 92 is there and then there's not much going on in between there Kind of interesting, you know, we really focus that if we zoom out, you know, if we I Guess increase the heat map here. We can see that there's you know There's obviously orders sitting there But if we really kind of decrease that we can see that the majority that is kind of down here But again, you can see like that buyer that was sitting here. He just moved down What's interesting is now look at the price moving up here So the market's kind of like just constantly kind of bouncing from these levels pushing up here So I would expect now that we're gonna kind of just sit in this level We got about 45 minutes until pal speaks. So we might just kind of sit here and go sideways On the market right now. We had to push back up going into that news And here we go trying to push up that 700 level again getting some volume That's 400 volume right there traded trying to push up into this level that 700 acting as resistance So the cool thing about this as well is like if I'm looking at a candlestick chart All I'm seeing is candlesticks, right? Like I don't know exactly kind of like where those orders that people were sitting on the book Like I saw like I can see now, you know in hindsight in the just looking at the history of this On the heat map. I can see that there are buyers sitting at the 90s. I can see there was buyers coming there 93s So I'm kind of confident that there's some support kind of down here in this level So if I want to be buying the dip, you know, I can feel confident going over to the candlestick chart and then like, okay You know, this is what's kind of going on Over just not looking at a candlestick chart and not really having an idea if those buyers were kind of pulling their orders Or they put their orders up there right now looking I don't want to predict this But it's looking like it wants to keep trying to eat out the 700 level And if we zoom out on the bigger picture where would be like a level after that If we're just looking at the book map here keep zooming out You know, I would say the VWAP would be a target. We forget above 700 here. Well, you got the VWAP up at the 7 713 level right there. So that would obviously Kind of lead us up to that level above 700 up to the VWAP test that VWAP to be honest If I was kind of play this like if I if I knew Powell wasn't speaking later on today I would say that, you know I would look for a push up that VWAP and then look for a short off of that VWAP level Knowing that the market kind of has a magnet to that VWAP and that's kind of my big big focus here is really just kind of seeing Seeing where all that action is So yeah, like really these levels that we're looking at someone's asking them on the YouTube chat right now You know, these levels that we're looking at we're showing that liquidity where the buyers and sellers are not so much that we're seeing Exactly, we don't know for sure like right now You know that 700 level it can get taken out 100% We don't know for sure it's gonna hold its resistance But we know that there's a lot of people sitting right there a lot of volume sitting at that 700 level there, but really not not a ton of volume only about 110 orders there at 700 where that It's about about 300 400 orders sitting at that 700 level there kind of 700 to 71 But look at that right now the buyers are coming in here trying to push this back up and look how tight that's getting You can see they're basically just going back and forth battling right here trying to get this Price to move up there and we got the VWAP at the 15s there So really just kind of in that middle Like I said, we're going into that power speaking at 2 p.m. So this could just kind of go sideways until that happens I normally don't try to trade going up into a You know economic event or some type of news or a press conference We're gonna You know the best best plan now would be just to kind of wait Until spout until power speaks and then we would kind of see which way the markets gonna move And you can see we're just kind of just kind of kind of going sideways there We're still getting a little bit of volume some volume coming in there Yeah, you got your guys 95 there. They just kind of showed up in the book Yeah, yeah right there big buyer at 95 now. So Obviously if you're long right now if you're still long off that ball at I'm at the 60s Then you're sitting there right now. You're feeling good Seeing that there's you know buyers coming in here pushing this back up trying to hold right there And again, that's that's really my big focus is having that confirmation during the trade You know if I'm shorting and I wanted market to go down and I see that the buyers keep Kind of disappearing that they're kind of pulling their orders. They're putting the orders on there taking away Then I feel better but right now. I mean this really looks like it wants to push through the 700s But will the sellers be able to hold this down? that's always the question here, but again, I think you really have to think about this is We don't know for sure if these are Shorts that are sitting there are these, you know longs that are trying to get just take their profit up these levels We just know that there's action at these levels. There's you know market participants sitting there out there I'm so I'm using the rhythmic data as well And you can actually set it up so that you can see the stop stop loss orders that are coming through when those get Get activated which is kind of cool Sometimes you'll see these stop runs where the market just kind of breaks right through certain levels And you'll see on the book map. It'll show you like how many stop orders were taken out there And again, you can see there they're adding liquidity up there at the top on the 700s, but Not really much going on down here in the 90s right now So a lot of just pressure at that 700 level So that's really just giving you confidence if you're trying to short off at 700 level Keep seeing that every time we push up there We get more and more selling pressure more and more people adding sell orders onto the book there Well, then you feel a lot more confident to hold your short right now. We're starting to break below an EMA as well. So See if this pulls back 93s now, I would say kind of Pull back 93s there, but again, you know zooming out we can see kind of From here from the 700 level, I mean there's not much going on below us There's no There's just nothing really. I mean there we can see on this, but I would say even there It's just not much from the 80s to the 85s not much going on there Got a little bit of support here at the 90s right now But obviously the majority of that volume the majority that liquidity is sitting at a 700 level right now And look at that the markets kind of just pulling back from that We had that area of liquidity that we saw at the 95s We saw that order popping up there like Bruce said and well it got taken out And nobody else is trying to get in there on that action right now I think the big thing again is just really you know, you can go like this and you can have a heat map The problem is on futures. You're always gonna have kind of The order book kind of adjusting and holding these levels There's always gonna be kind of liquidity on the order book So I really just want to focus on where that majority, you know, where the larger orders are Where is that big big amount of liquidity sitting that not just like oh You know, there's always gonna be kind of liquidity on futures, but If I'm taking away a lot of that noise now, I can see pretty clearly You know 700 is the the Mac daddy of liquidity right now there and then down down below I mean we've got what 73, you know, we got some stuff right here at the 90s But I would basically if I was trading this right now if I was in a trade this short I'd be looking for I'll see that right there. We just added more selling pressure there at 97. So this should Start to kind of move down if these sellers continue to be aggressive here It's interesting. I mean If I was a seller, I'm not sure I'd want to be sitting at 97 right now Knowing that that all that liquidity there, but I guess they're trying to get filled and there that orders popped up at 91s Showing us buyers sitting there right now. It's kind of moving through this channel. Like I said, there's About the 35 minutes until pal speaks. So there's a pretty good chance that we just kind of go sideways here I was hoping that we get a little bit more action to kind of really be able to see what's going on book map But when the market's really volatile if the market's really making big moves up and down It's really a lot easier to see kind of get an idea of where your targets where your overall plans are in Terms of, you know, if the markets really like if we got through 700 We would start to see like okay that next level of liquidity would probably be at the BWAP And then we can be like, okay We can hold this and we can kind of ride this wave and we're just gonna constantly be riding these waves You know up down up down trading futures at least, you know for me personally, I really I don't care if the market goes up I don't care if the market goes down. I just don't want the market to go sideways You know, I can short I can go long But the problem is that the markets go on sideways I don't really have an advantage because I don't know for sure, you know, are we gonna just chop around here I think that's a really good If you're trading futures if the markets go in sideways like if this is the what's going on If we're just going sideways in this in between these levels, there's no trade there, you know trying to trade Three or four handles and these little ranges. It's just not gonna work out. You know, we're looking for bigger moves We want to see, you know, these levels of liquidity getting taken out and then we get that move down to that next level of liquidity Right now we're selling down We got a little bit of liquidity just got taken out there 91 it's always interesting too to see when people put their liquidity on the book and then they take it away So that's telling me like, hey, you know, if there's People sitting there at the 93s and take it away take away their orders of the 90s Well, they might move down. They might just wait for the next trade You know, maybe they got filled You can see that right there that volume 574 Traded there on that aggregate of Volume traded. So obviously sellers took over there and we broke through that area that 90 Remember earlier, we had that big area of liquidity at the 95s. That's obviously gone And now we're sitting down here at 91s If you're looking at the candle six right now, you know on the five minute chart You can see we're breaking below the candles, you know, I can add candles on here And I can see these candles kind of give me a visual of what those candles are doing how they're looking And I mean right now we're just kind of Kind of just sitting here chopping around. So again, you know, I really don't think there's a good trade until after pal speaks either way but kind of seeing it's very interesting to kind of Get a different outlook a different view on kind of what's going on With all that so for me, like I said, it's very simple just got The bid ask on the other buy sellers and then the heat map The last price over there on the right and VWAP on there. So That's kind of my big focus. But again, we know That's 700 level acting as resistance we can see on the On the sessions on the range volume profile over there on the right This is actually a really good tool even if you weren't going to use the heat map You know just having that volume profile Again gives you an advantage to be able to see like hey look look what's happening right now We had a bunch of volume traded at 95s and guess what we're below there. So You know based on volume profile alone, we should get a move down here to the 87s 85s next and you can see right now We got some buyers sitting there the 85s markets moving down here We're kind of right in the middle between those two peaks on the volume profile And I would say that there's a pretty good chance That we get down here 87s 85s next And I saw somebody ask in the chat about the Movement right now because of pal. Yeah, 100% would say You know on a normal day, we probably wouldn't be going sideways like this But because pal is speaking at two It's just probably, you know, just kind of everyone's sitting on their hands waiting me I gotta think the best way that I really think you think about your you think about trading Trader mentality is how do you feel right now or would you place a trade right now? If I don't feel confident in taking a trade right now, then I'm probably You know Not Gonna take a trade So if I'm not gonna take a trade Will other traders will other traders take a trade probably not So that's like a good way to think about like emotion If you're feeling like you're not confident that there's a good trade here I'd say the majority of other traders are probably feeling the same way Because everybody knows okay if pal is gonna speak at two there's gonna be a better move to happen after that So, you know, really is there a reason for me to trade this right now? And you can see we got down there to the To this level of liquidity there through that 87s 88s getting touched And now we're just kind of going sideways on this level But that 85 Kind of looking like it wants to get taken out here. Will the sellers be able to get it? After the 85s we got the 80s coming up 86 is there touching touching touching On the five minute chart if you're looking at the candlesticks right now We just broke below below that kind of push back up that little trend that was holding there at the 95 94 level I think there's a pretty good chance that we kind of move down to the 75s Here if we can continue to make that move but again Knowing that pal is speaking here a little bit. We could just kind of chop around here You can see right now the seller is trying to come in there trying to hold this down 88s This is looking really good Again, you can see how that liquidity went from being on the bottom there at the 85s And now all that liquidity is sitting there at the 87s So that changed, you know the game there So we went from having that support below us. So now we have all this liquidity above us And we move down there to the 82s Next after that we got the 80s that whole dollar area Market's kind of pushing back up that liquidity that was added there at the 85s Getting taken out there I think really the best you know way to think about this is to kind of think about The market is kind of searching for liquidity. The market is not going to go straight down It's not going to go straight up. It really needs to kind of find buyers and sellers you know I think that a good a good saying about trading is that you know sellers want to sell high And buyers want to buy low They don't just want to just because the market's sitting at a certain level doesn't mean that oh, I I want to buy here Well, if I'm a buyer, I probably want to look I want to be looking for a opportunity to get in at the best price I don't just want to buy just because the market sat 87 You know, I'm looking to be like, oh I'd rather buy down here if I'm a buyer. I want to be buying at 75s if I'm a seller Well, I want to be selling at 700s because I can see You know where that liquidity is I can see We got that resistance and again kind of just Getting this little bit of sideways action here going into I didn't even know that I didn't know that pal was speaking today. I guess that was Not on the Economic calendar that I normally look at but I guess he is so Right now that liquidity at the 90s sitting there heavy And guess what remember we talked about that 95 level that peak in the volume profile Well, look where we're at now It's not a coincidence right like it's not a coincidence that we went from 95 to 86 and look at we're kind of bouncing at this 86 is right now That's that volume profile from that session And it's given us a pretty good idea that if we break below 95 Well, then that next area would be 85 and then from here You know 80 would be your next little area of liquidity and then after 80 there's not much going on so I mean it's off to the races after 80 I'm thinking that if pal comes out and he just let's say pal comes out and pretty much just keeps the same exact stance that he's had We might we might go we might go to the 65s today Maybe seven maybe maybe 70 65 level and even Who knows after that? I mean the markets down 2.3 percent right now We still got we still got room to go to the downside You know if we were sitting at 4 percent right now on the downside I would be Little skeptical if we could go lower, but knowing that we're at 2 percent There's always a possibility of still going lower. It's funny because earlier we were down like 1.5 percent And you know, we were like oh Marguerite is going to go lower than that and it just kept going lower and lower right now sitting here 87s you can see we again we've kind of just chopping around bouncing off this volume Profile over there on the right and just kind of watching here I'd be interested to see if we can break through the 86s here and go down to the 80s before pal speaks Looking like a bear flag on the three-minute chart right now Also a lot of times too like if I'm in it, let's say I'm Let's say the market's really volatile and let's say I'm just kind of getting in and out quickly I'm also kind of looking at these indicators up top here with the order book right now You can see that there's an imbalance. There's more sellers than buyers Does that always mean the market's going to go down? No, but you know, if I'm trying to buy if I want to get long And I see that there's a lot more buyers trying to trying to get in there Well, that's going to obviously give me more confidence in the trade and Yeah Kind of it you can also adjust the colors of brightness there as well I didn't even really think about that. But yeah, it's kind of cool. We can adjust some brightness there Like I said, I've only been using book map now for about Two months a little under two months Maybe less than that actually maybe about a month And I've really seen a difference in my overall confidence in holding my trades longer And then also, you know being able to see Kind of what's going on with the market being able to see that liquidity definitely gives you You know more confidence knowing That like right now You know, if I'm short on this and there's all that liquidity at the 92s Well, I can basically put my stop like all you guys can watch the video later on my youtube channel But what I'll do is if I'm in a trade a lot of times I'll kind of move my stop loss to right above these the areas of liquidity Which again, you know gives me just kind of an overall Better picture of what's going on And I would say this is not typical price action right now. This is not the typical Price action and we're kind of just going sideways here because of powell speaking at two, but You can see we're just kind of going sideways there. There's orders coming through but Kind of a battle just right now to keep this price where it's at people aren't getting too aggressive yet We haven't had that news yet But I don't think I don't think powell's going to say anything that's going to really move the market um at least Move the market back to to the highs of day or something like that I'm thinking he's going to come out pretty much just saying that hey, you know, we're uh We're confident we're gonna keep Keep this going the way we're doing and we're gonna have to keep increasing interest rates and Keep all that going Right now 87 is trying to hold up there and again, that's right there at that volume profile over here on the right Kind of holding there 87s We got all that liquidity up there at the 700 sitting there and 92 is right now sitting there as well And the nice thing the nice thing about the book map too is it's really simple and easy You know you can zoom in really get that If you wanted to get crazy and you wanted to zoom in and look at every little order coming through You can easily to zoom out. I have it on you know on my on my mouse I would say that the overall platform is pretty intuitive when it comes to just the user interface I've been impressed with that and again. I'm using the rhythmic data through my broker um, it's basically just Free if you already have rhythmic data on your futures broker, you can then use it through The book map here But if we go and we zoom out we look at the overall kind of day so far You know that 700 liquidity was just massive in terms of buyers buyers buyers We got through there. We got down here to the 70s and guess what? We pushed right back up there to the 700s So um patrick, how many how many um trades do you take per day more or less? Oh to be honest, it really just depends on The the market, you know, if the market's hot and we're getting some really good opportunities to trade then, you know, I'll take I'll take maybe 10 20 trades. It just depends to be honest. Um Then some days, you know when the market's chopping and it's just kind of going sideways Those are going to be the kind of sit on your hands and wait for Wait for a better opportunity this morning, you know, we had a good move out of open and then We just sat there at the 700 level for quite some time. So I think it was like almost an hour. I was like Yeah from Yeah Well 700s up here So, I mean, we were pretty much sitting at that 700 level since, uh 10 o'clock 9 45 and then We finally got that breakthrough By almost 12 So two hours was going sideways there definitely makes it difficult to uh Take a trade when we're going sideways That's the funny thing about trading is like if the market's hot and the market's good and you got good setups, you know You're we're getting volatility Like you could make a ton of money You know in five minutes and 10 minutes when the market's moving the market's giving you setups But if the market's going sideways for hours I mean you can either just sit there and get chopped up and lose money you can Try to force trades and end up just taking unneeded risk I would say a choppy market is the hardest market to trade in and it's funny because some people, you know They're like, oh, I love when the market's in a range But personally for me, I'm more of a breakout trader more of a momentum trader So I want to be in that momentum when the market's moving If the market's not moving well, we're not getting any momentum And it's fun I also took a trade this uh Or just earlier off of this level when we had all this kind of coming back in Because of the book map showing me like, hey, look, there's all this support down here All these buyers trying to get in here for a reason So all that kind of gives me confidence like, okay, I'm gonna be okay if I get in here Put my stop below those orders And I'm thinking, you know, those are those are the big big boys trading here futures Having all that liquidity sitting on the book because I think most retail isn't putting I don't know. I never really put orders on the book to be honest I'm normally kind of buying maybe buy the ask maybe just sell the buy the bid And then maybe sell the ask but normally I'm not sitting here You know with 20 or 30 contracts on the book waiting to get filled So kind of looking at the book map to see like what the the bigger traders are doing what the bigger Movers are doing the algorithms things like that But I've honestly, I haven't really I've only used book maps so far for futures I know obviously it can be used for crypto and stocks and everything else. So I'm definitely need to kind of dive more into that but I've definitely Kind of found success Using book map also with my other indicators and my other charts, you know, I've got multiple charts pulled up on my screen But I've got Book map pretty much like front and center if I'm in a trade and I'm seeing what's going on I'm keeping a pretty close eye on that book map to see You know, are people adding liquidity? Are they taking away liquidity? Like right now. I mean, there's not much going up above us so You got more support sitting here at the 80s, but guess what? Where'd we go? We went from that 87 the 87 level On the uh Volume profile there From the 87s now down there to the 84s down to the 80s So the volume profile really again is a very powerful tool to kind of get an idea of Where those next levels of support resistance are And that's just because that's that's where more orders have been transacted During that session. So there's little peaks You know that seven that 700 level down to the 95s down Showing us, you know, the more I zoom out here. I can get a better idea as well we had a lot of overall Volume traded there at the 75s overnight and then we sold down we got down here at the 700s Had a lot of volume. I mean right now. We're below that last big spike in volume on that session profile. So You could also use that as kind of a stop I would say, you know, if you're if you're trying to get short below that volume profile Well, then, you know, your stop can really kind of be where all that volume's sitting at because you know that There's a lot of orders transacted there and guess what we went lower That's a good way to think about it. You know when the volume profile Is really there's a lot of volume traded at a certain level and we break below that level Well, then I'm gonna get bearish If I you know if we're going up and we have a lot of volume on the volume profile below us Well, then I'm thinking I'm gonna get short. I'm gonna get long Knowing that there is all that support there We got about 18 minutes here until pal speaks So we'd expect a better move to happen here after two o'clock 2 30 3 o'clock end of day could get a big big move here today Problem is we don't know for sure if it's gonna go up. It's gonna go down We're living in a world today where the market gets good news when mark goes down We get bad news mark goes up It used to be, you know when numbers came out and the numbers were bad the market just simply went down you know nowadays it's Kind of like this funny thing of like well the numbers aren't that bad Like I've seen the earnings recently where they came out saying like hey, you know We lost money, but we didn't lose as much money as we thought we'd lose everyone's like wow It's amazing and and it went up I think netflix was a really good example of that netflix netflix came out with their earnings report and they talked about how Instead of losing, you know, two million subscribers They only lost like a million subscribers And everybody was like, oh, well, that's great news and it ended up rallying like 13 percent So Kind of funny. That's the role we're living in today for sure What is market? And market's just kind of sitting here 85s right now. I got that liquidity there I wouldn't be surprised to see if they kind of run this back up to that 700 level before pal speaks to get a little pump Back out a little short squeeze You gotta think there's a lot of people that are probably sitting here trying to get short thinking that's gonna crash Especially if you're looking at the charts right now if you're looking at the three minute the five minute chart You know, we're below the e-maze market's kind of trending lower But knowing that that news is coming out here, too Kind of Let's get the little funky little short squeeze. Everyone's trying to get short here going into this news or they're just basically sitting on their hands So you get some kind of sometimes you get these little little pumps and dumps Just because everyone kind of did the everyone's if everyone's trying to get short at the same time Well, it's really easy to get a little pump back up because now everyone's having to get stopped out or they're chasing it or They're basically getting squeezed out of their positions Six eighties holding there. We got that 72 level. That was an area from earlier That's one thing to look at here as well as like if we're zoomed in really close Okay, we can see right now 75 73 level this 75 to 77s, you know, if I'm really just zoomed in here, I can see that But I want to think about like, okay, well Have we tested that level earlier? What was it? What happened earlier when we tested that level? If I go let's zoom out. Well, guess what? We tested that level earlier. We balanced we balanced we balanced those buyers stayed there. They stayed there and then we made that move higher So now I'm like, okay, that's confirmation 75s wanting to hold there And we should feel good Knowing that there's that support there and just kind of bouncing around like you see right now We're kind of almost we're right there at that volume profile for the session that little peak there at the 86s can we Push back up after that 86 level you would see the 95 area being that kind of like little peak in the volume profile There and then After that, I mean, it's pretty much that push back up in that huge area of volume From the 705 to the 710 level there We got about 14 minutes till 2 o'clock But yeah, for me, it's really just uh, been a great tool to use the book map for trading futures I know you can trade right on the chart as well with book map and do all kinds of cool stuff But I like to keep it simple I think my trading strategy is pretty simple when it comes down to it I try to trade this very very Very simple strategy, you know three minute chart is kind of my overall strategy looking for breakdown breakup We're looking for overall just kind of a couple key indicators to line up And then once I see kind of what's going on with the book map I can see you know little key things like whoa, you know, there's a lot of liquidity at that level Well, I feel good. I can short there You're like, oh, I can buy the dip here because there's a lot of liquidity sitting down here So definitely an advantage having the book map just over having you know the level two Because if I'm looking at level two all I see is numbers. I'm just seeing those numbers sitting there. It's not really like a visual Representation of what is really going on with those orders that are coming through And right now a little bit of push back up You can see we've now kind of rotated off of that 86 level And we'll see if we push up here 95s next on that volume profile And you can see right there 91 92 level trying to get some Push up here right there. We got a little push from the 85s buyers coming in there To get rid of basically all that noise And again, you know not much going on Until about 700 here So this market if let's say we push over the 90s, I think we go 700s again There we go trying to push above 90s now. Let's see if we can get that push all the 700s Market moving to those areas of liquidity. There's not much going on. You know, we have liquidity there obviously, but The big amount of liquidity sitting up here the 700s That 92 a little bit of resistance right now We're gonna see if we can start to push back up here Market's gonna grind through this 92s 95s not really heavy liquidity we got the VWAP at the 12 11 area 7 12 11 7 12 7 11 7 11 And about 12 minutes here 12 minutes until uh 2 o'clock and that's I think we'll get a better move after 2 o'clock here but yeah, just Kind of seen it move here But I definitely would say that If I'm in a trade, you know, I got my eye Got my eyes on the book map It's kind of looking for things You know, I want to see if we're pushing up strong. I want to see that volume You know, obviously we've got the volume down here at the bottom Getting that volume spiking Getting action action action push push push And the cool thing is those bubbles really kind of illustrate those burst in volume if we get a breakout or breakdown You know, we'll get that spike in volume and it's really clear to see like, okay We broke through right there at the 90s. We had a spike in volume And now we're just kind of still just kind of going sideways here with that news coming out, but I think it's just a very a different way to look at Overall where that market's moving where it's going and giving us information Yeah, we're just not look at that area in there right there. I mean, it's just all over the place Um, yeah, you know, they're on the bid. They're on the offer You know There's a little, you know, a lot of posturing going on right now back and forth and Like you said, there's just There's nothing going on. I mean, it just keeps on chopping back and forth But it's a good I mean, this is, you know, great to see because like again, you know, if I zoom out and all I see is we're just going Going sideways. It's like, okay There's no reason for me to trade I mean at this point if you're trying to get long There's really no reason to get long until we get above 700 Because we know from earlier we had all that liquidity there So it's like do I really want to get long here the 90s just to push the 700 get denied again? Or would I rather wait to kind of get through that liquidity? And then we know we got the vwap up there And then same thing for a short like do I want to get short right here? Probably not I want to wait kind of see this get through that liquidity that area of just going sideways I think that's the hardest part with trading right is you try to You basically have to figure out like is this a good time to trade? Is this a bad time to trade? And that's like half the battle of being Being a trader Because it's easy anyone, you know, you can press that button anytime you want buy sell No one's going to stop you But your p&l will definitely show the difference if you're taking bad trades all day or if you're waiting for those good setups So you are you when you get your setup on your three-minute? chart And then you you're looking at book map and you're looking at the liquidity and the and the volume start to pick up Um, are you looking for pullbacks after the volume or um, how is it that you're entering? Normally, I'm looking so I'm I'm normally trying to like look for breakouts and then like what I'll do is I'll look for You know, I like to look at if I see book map is you know, we're getting big green bubbles We're getting a lot of volume through these levels like pretty much like for me You know if I was going to get long here and we start to squeeze up and we break through 700 And I see that there's just a lot of volume and the thing too is like it's it's going to go straight up You know like that the cool thing about book map is like once it it's going straight up or straight down like, you know Like okay, like we're making a move. It's happening right now. So a lot of times Yeah, I'm looking for breakouts and then kind of entering for those moves and then normally looking for you know 10 handles or so For that breakout move depending on the overall setup and then kind of maybe maybe trailing my stop loss on a few contracts But the nice thing about the breakout trades you can always you know There's always going to be a pullback to come so the breakout is the confirmation and then you kind of wait for that pullback To that maybe you know you get a pullback to that previous area of resistance turning into support Is always a great way to enter But really Yeah, it's it's I wish that the market was moving a little bit more right now because we could talk about it But when the market's really moving you can I mean book map gets very active It's very you know, it's up. It's down. You're seeing those orders come in and you're seeing the big bubbles You know, it's it's a lot a lot of fun A lot of fun to look at because it really is you know, it's happening. It's moving Yeah, yeah, I mean like you were saying like with the level two Uh, you know, you can see the liquidity in there and the numbers But when those numbers change though, they're you don't have any reference to what was there before So exactly, I mean That exactly that context there of liquidity and and price action and volume. It's all right there Yeah, and I think you know, there's just a huge advantage to being able to see Those orders after they go through, you know, even if they don't get filled it's like, oh, wow, look You know that there's a big buyer He kept moving the price up He kept trying to get in he couldn't get filled if I'm looking at level two Like I don't really see that because all I see is just you know The price moving up and down I see orders going in and out But it's not leaving like a history is there's no there's no trail where you know the heat maps Showing us like, hey, look, you know, this guy right there. He tried to get filled didn't get filled We got these guys on here. They're just sitting there Just going sideways here got this guy up here. He tried to get filled a lot of order for a second Nothing happened there market didn't move So it's giving us that like almost a little uh, you know history of the price action As it's happening It's always it's always interesting too because once the you know Once the news comes out or data comes out when the algorithms start moving I mean you can just you can just see the The pure price action just happening on book map just those big Big orders coming through you get the big bubbles It's it's it gets really visual Yeah, now you can see I'm starting to pull that liquidity before the event, you know Everything's starting to kind of dry up a little bit Yeah, exactly and you can see like right now We're still sitting we're pretty much sitting on that volume, you know that spike that volume profile area And we're just kind of like ding ding ding not really doing much just sitting right there It's almost like that volume spike volume profile spike right there at the 86s or so is kind of like support right now And that's kind of you know, there's buyers sitting there 85 86s Uh, nick is asking if you ever use the stops and icebergs indicator with it I yeah, so I have used the iceberg and I've used a stop loss indicator. Um, to be honest I think there's the icebergs are definitely really cool. The stop loss is cool but I just I've kind of The more that I've used book map. I just kind of wanted to get back to really simple And then kind of add Maybe like maybe next week I'll add the icebergs back or maybe I'll add the stop loss the only thing about the stop loss I think like me and bruce talked about before is we don't know for sure Like is that if that stop loss order is a you know a buy order Stop loss or if it's a you know vice versa Is it a short getting stopped out? Is it someone trying to get long with the stop buy limit order stop loss order? So I would say that's the icebergs are definitely really interesting. The icebergs have a lot of uh power because I've seen You know, I've seen sometimes in the market. It's like I'm looking at level two I'm looking at the chart and the market's not moving But then I'm looking over at the at the iceberg order just sitting there getting filled and I'm like, huh You know, if I didn't know if I didn't see that on the book map I would just be like, well, I guess we're just not gonna move here But I look at that iceberg. I'm like, man that guy's he's absorbing this he wants this to go higher, you know He's he's definitely doing something over here. So it's really interesting, especially I think for uh resistance sometimes you get these big areas of resistance you get the iceberg orders You know sitting there and you're like the market just keeps tapping keeps tapping keeps tapping and if you're long And you're sitting there and you're like, uh, I don't like that If I look over at the book map and I look I see there's a big iceberg order just getting Just basically selling into every little push up. I'm like, okay What do what do they know that I don't know? So it's definitely I think it's uh the iceberg orders definitely have a a value to them So now we're pulling back to 86 again that right to that little peak of that volume session profile But yeah, like nick there's there's definitely so many So many different Indicators and ways that you can modify and tweak book map I know I know bruce has a ton of amazing videos talking about all that stuff and the discord answer questions and stuff I should probably spend a little bit more time kind of diving Into it, but I don't know No, I I really I mean like, you know all this week we've been having these pro trader webinars with options traders and You can see across the board. I mean really and and you're doing the same thing keeping it very very simple Um knowing exactly what you're looking for And um, you know that whatever it works for you And then all these other things like yeah, maybe, you know, take a look play around with them, but You know see if you if they work better for you or not, you know Sometimes it's another level of of complexity that doesn't really give that much insight or Maybe it just totally change changes your way of trading Exactly, I think that's that's one way to look at it too for me, especially with like even the you know Having indicators on charts for you know, candlestick charts and that Sometimes you get too many indicators on there and you just get it's like there's too much information Where like if I'm trying to trade and I'm like, hey like I have this level I want to get short at this level and I want to get covered at this level down below Like all I want to do is only be able to focus on that and I don't really care about anything happens in between that I'm looking at those pivots and I'm like, okay You know, I don't really if if something happens between those pivots and it looks crazy for some indicator I don't really care because I have my strategy and I have my plan because I'm going to short here You know the 700s and I'm looking for a move to the 80s and I don't care what the canals look like I don't care what indicator says the rsi or any of that stuff All I know is that this is my strategy and I want to focus on that and I think book map, you know having that Just really simple having all that liquidity on there. It really does Again, I'm like, hey look, you know, if we we can't if we can't get through here You know, my level for getting covered is down here at the 72s You know, I don't really care if there's a million iceberg orders I don't care if there's a million stop loss orders or what's happening But all I know is that liquidity is there. I'm shorting here. I'm trying to get covered here So the algorithm starting to move the price around here two o'clock now and then once pal starts Talking about whatever he's going to talk about in the market should start getting a better move here Maybe after 230 or I'd say three to four normally that three to four Time you get some good moves in the market volume coming back in there people trying to get done for the day so We'll see No reaction yet Patrick, do you ever trade stocks? Yeah, so when I first started trading I was trading, uh, you know low float small small cap type stuff type stocks and And Yeah, it's it's a battle the the thing that I really love about futures is I trade the es every day I wake up. I pretty much already know where the levels are. I already know Kind of what's going on. I have the idea of what data is coming out that day You know, I don't have to search for anything. I don't have to use scanners to find what stocks moving I literally just trade the es every day It's almost it's cool because it literally like it becomes like muscle memory where you're like hey yesterday I already know this level balanced. I know this happened yesterday and you just kind of you just learn how the es is moving You know kind of the overall patterns and I've I've just found a lot a lot more consistency trading futures Get that pull back there below that so I would say now. I mean now that we've lost that support there at 85s We're going 70s would be Kind of my target here. We retest those lows down there in the 70s now You can see sellers coming in there aggressive getting volume spike We're below that That peak there in the volume on the session volume profile Say if we break if we break below 83 there that little 83 area 80s 75 just kind of sitting there waiting for it but definitely gonna be some volatility right now with all the Algorithms you can see the market starting to start to move now Problem is all it takes is pal to say one. He just has to say one thing and it moves the market it can move the market massively So once again, we're at that at that volume profile peak right there 86s Will that act as support you can see kind of just bounce right off that 86 level there I've definitely noticed that during the nightly sessions with futures that The book map is is pretty spot-on because you know during the night time you'd have a lot less volume So if there's if there's a big area of liquidity sitting on the book at during the nightly session I would say there's you know a pretty pretty good chance that the market's going to try to interact at that level Yeah, it's interesting the uh on the overnight sessions, uh a lot of times Well like in markets like the es The algorithms are rather exposed You know, you can see their activity there because there's so much less liquidity And uh, yeah, it's really interesting to see some of the some of the game playing Yeah, I mean I've I've seen just massive orders sitting on the liquidity book and you're like, oh, we're not going to move that level And then it's like an hour later. We're there. I'm like, huh Interesting. It's like even it goes against the the trend or whatever It's just like the market just moves to those levels because again, you know the market needs liquidity to move Now we're in between that volume profile That 86 level is acting as support See if we move to the 95s here now. It's that next little area That turns into resistance. You can see on the On the book right there the orders sitting there at the 80 at the 95s 95 support and then 87 85 support there So again, I mean we're still just kind of chopping around here I don't think I don't think pal has said anything that's really going to move the market yet Which kind of brings up a question like uh, how do you do you um, do you trade events or do you just kind of Wait for the the dust to kind of settle and then and then go with the the trend Yeah, I mean normally there's an old saying I guess in the markets that you know The first move is the fake out and then the the real move is the second move So normally I'll try you know, if I'll try to look for a key level maybe using book map, you know If we're having data come out, you know, let's say we're having like, um, you know CPI number comes out and we have a bunch of liquidity sitting down the 75s I might look for that 75 level to get tested first And then kind of see like do we balance off that 75s if we balance off 75s and maybe I'll get long You know looking to see that liquidity because a lot of times, you know, those big players They're going to put those orders out there kind of sitting there Maybe trying to buy the dip or trying to short the top and you know I'd say at the end of the day if I'm trading three contracts I want to be on the side of whoever's trading hundreds of contracts And there's that push up now to that 95s. You can see spiking in volume That liquidity could take getting taken out there, but just not getting all the way through it It's at 95. It's interesting because at 95 is now That peak and that volume profile kind of spiking there And we got that liquidity sitting there at the 88s Kind of uneventful so far I don't even know if we're pal is speaking out or how he's speaking, but Because he's live right now on CNBC just says Federal reserve board talk post pandemic economy Yes, they're talking right now 6% So I think they're just basically gonna the whole the fed the board is sitting there talking about All the different indicators and numbers and supply chains and everything so The problem now is all it takes is one of them to say A word that the algorithms don't like and the market sells off or They say a stat that the algorithms do like And the market goes up. It's definitely not retail traders sitting there listening. It's the Computer algorithms they hear one little keyword and it's sell sell sell And what what's the volume dot setting you have on now on on yours? It's uh, I'm just kind of curious Um, I guess it's like right right there in the middle No, no, not not not the size but go go to right click on a volume dot and then go to uh settings Okay, there you go. Yeah. Oh, I guess we can't see because you're not you're sharing just the app Right. Oh, yeah. That's fine. It says volume display options 3d bubbles And then it goes uh volume delta by minus sell not total volume and then um I guess smart is the clustering. Yeah, and then what about for minimum, uh, trade size and uh None, uh, only yeah minimal displayed volume is one and then minimal trade size is one. Okay. All right So these are just the default settings Yeah, would you would you suggest? Oh, no, no, that's fine. Um, it just um, we're just seeing some pretty pretty big delta changes right now I mean, you know, they'll they'll kind of blow up like like that and and be green and then all of a sudden like You know, it kind of other trades happen and then like the overall aggregate will be red or something like that Yeah, so uh, just a lot of quick volume back and forth right now. That's all Yeah Look, we're out. We're selling down below the 86 again, though Can we go to the 70s? Can we go 70s here? I think we're going 70s. I think we're going 70s here There's not much going on now the 80s. I think we're 75s will be getting tested here next There we go 78s 75 sitting down there. There's 75 70 liquidity sitting there Let's see that 75 is taken out here goes 70s after that. I mean 55s 65s being Kind of a next target But again, like right now if if I'm in a short, you know, if I'm let's say I shorted from the 90s I mean, I'm sitting here just looking for that 70 level That liquidity I'm like, hey, I want to see I get tested And there's not much going on above us There we go. I think we're going 70s Let's see it 75s What's interesting is I mean you literally that that peak in the volume session profile at that 95 level And that was right kind of where we pushed up to And there we go 73s now would expect some type of Some type of a little balance around down here at the 70s that buyer sitting there right now, but After that, I mean there is not much till 55s So if we break 70s strong here, I would say 55 is definitely in the picture That's a nice little move out the 90s though from 94 to 74 20 handles on features Not a not a bad, uh, not a bad trade there And really like sometimes, you know, I'll just if let's say the market's selling selling selling and we've got a lot of volatility And we're showing strength in terms of selling off If this 70 level breaks, I could basically enter a trade for 70 to break and then Look to ride the momentum lower Right now you can see 74 bounce in there and Will she get taken out this is I mean the chart's looking very bearish right now in book map Definitely telling me hey if that 70 level can't hold there. We're going to lower Let's see right here. I want to see a I want to see a big red bubble big old red bubble there Get through that level 71 70s Can we get it? There they go. They're gonna test it they're gonna test it And there you go. She's going she's going through it They're selling into 70s hard right now Some some people covering I'm thinking some shorts just ended up covering right there. That's why that little spike in volume They got scared You also gotta think there are people that short of the 90s. They're covering at the 70s now for 20 handles Can't complain about getting 20 handles. So again, I think you just wait For this to break 70s and then we look for move down to the 50s 55s Markets down 2.6 on the day. I think there's still room to go here Obviously with pal speaking a little dangerous Not the they're laughing. They're laughing right now the feds To make them a shortage. Who would have known that buyer is sitting there about 420 contracts sitting there at that 70 level right now Well, they take it out Again, remember the old saying like I said earlier sellers don't want to sell low. They want to sell high So maybe this pushes back up gets some more momentum to get through that 70 level Kind of sucker some more longs in here and then Crack it If anyone had any more questions in the on the chat on the live stream, let me know I think that's pretty much All she wrote for the day at least for now but definitely I mean, this is like if I'm gonna let's let's say you're short from the 90s, you know, I'm leaving a runner on I'm leaving a runner on for sure I'm covering down here in the 70s I'm gonna leave a couple runners on there and I'm looking for a move down 55s here end of day And the nice thing is that it's basically Once if we break through 70s here and then we look for that next area of liquidity Turning into resistance and then I just put my stop right above that And just keep moving my stop down based on where those areas of liquidity are Yeah, how often will you or how long do you usually stay uh in a trade? Um, I think my average trade is like less than 10 minutes But it depends. Um, I had one another night for like four hours. I just left a runner going You know the the market's trending. There's no reason to cover, you know Um, at least on a runner You kind of just move your stop down But I think you know in in general Pretty pretty pretty quick in and out Especially with futures if you're trading, you know, three or four contracts I mean, you can make a thousand dollars in five seconds Also lose a thousand dollars, I guess I should say As quickly as you can make it you can lose it even faster. There we go through the 70s now Down 69s I'm thinking we go 55s today Looking at the charts here. I mean, this is we're right at a support level at 70s, but If we keep going lower, this is not looking good And the Fed and his buddies are not gonna I don't think they're gonna say anything That's gonna be good for the market today I'd say 38. I mean 38th is doable today, honestly on the daily chart They won't be laughing then I do I do love when the when the Fed and people they talk about like I heard some talking about like, oh, I don't even I have an experience inflation. Like yeah, well when you have millions of dollars It's a little different But when you're only making a couple hundred dollars a day and you live You had a family you got bills You know when you got to pay 20 more for your food at the grocery store, you're you're experiencing inflation different different perspective, I guess Inflation is not a inflation is not transitionary. It's it's real So I think I I think I said I think we were when we were out the 90s. We were looking at that 70 level On the book map and there we are 69s now If I would be you know, it'd be interesting is if I If I just didn't trade only traded off of the book map Just got rid of candlesticks and and everything and only traded off the book map that would be an interesting experiment Because I do feel like sometimes the candlesticks they can just You know, you get these weird candlesticks that they think you like, oh, I'm gonna get out because there's a it pushed back up It's got a wick, you know the oh, look at that wick on the bottom. Oh, look at this and then you end up getting out you know Because of a candlestick where if you're looking at the book map and all you're looking at these levels I mean from the 90s to the 70s. That was a beautiful trade Somebody asked do I have a live trading room no live trading room Well, I do live streams every morning on youtube 9 30 a.m. Eastern if you guys want to hit up Um that on youtube will be live pretty much every morning showing the book map Going over my trades showing the entries and all that fun stuff. So You can just check out my youtube channel at Patrick wheeling Be live, uh, they are 9 30 using the book map and all that fun stuff So I'm actually going to put up a video later on today Showing the actual trade that I made for that breakdown below 700 And how I was using the book map during the trade to stay in the trade how I had confidence I was pretty much sitting there going. Hey, this is going to the 80s is going to the 80s And I had all that confidence because of the book map showing me Kind of where that heats at where the action's at Yeah, yeah, thanks Patrick. No, I put your all your contact or your youtube channel into the chat there And and special offer as well Yeah, yeah, I mean really appreciate it You know anytime you need me help with anything if you want to trade from the chart or whatever hit me up You know happy to help you out with with anything and Yeah, sorry that you know, we didn't really have much too much too much action to to go over today but Yeah, the funny thing is is we'll probably stop the webinar and like everything's going to pick up here But probably yeah, that's that's that's really every time I stop live streaming the market moves It's people always joke about like hey, can you just stop the live stream so the market will move Literally today same thing happened. I was like, all right. I'm over it I'm gonna walk away in the minute that I said that the market just started tanking. It's it's always so funny Yeah, you're there for all the hard work and then and then the easy move happens and like uh, man Yeah, I know it's always something but yeah, thanks for having me on bruce It's been been a pleasure and I look forward to Doing some more of these and we'll keep I'll keep I mean the cool thing is I'm only I feel like the more and more I use book map I'm just going to be able to get it more and more dialed in and really kind of Get it going. Give me a couple months. We're going to be just making moves Yeah, I love it. I mean, I love the kind of clarity and simplicity. Um, you know, you know exactly what you're looking at and Even though you haven't been using it for very long at all And you've already integrated it really nicely into your into your trading That's yeah, that's the cool thing about it Is it you know, I think at the end of the day the book map is we've all used You know liquidity in the sense that we're looking at level two like everyone Understands like oh, we look at level two kind of oh look there's buyers there. There's there But really what book map is doing is just illustrating it, you know in a different way and it's giving You know humans, you know, we're looking at these charts and looking at numbers going up and down You know, you're like, oh, like it just doesn't Calculate but if you look at a heat map you're like, oh look red You know, that means there's a lot of stuff going on there like those colors It's like a vision very visual thing and you can obviously adjust all those colors But I think it really does give you an advantage To have it all visually displayed And I think I think I might go try to catch some waves today. Actually, it's a beautiful sunny day and uh Might just call it right there Beautiful beautiful. Well, we'll look for the market move now Perfect Yeah, yeah, all right. Well, uh, uh, yeah, thanks so much Patrick. Uh, yeah, we'll definitely do it again. Uh, and um Maybe we'll figure out a better time slot for you Or a day where um, I don't know Maybe maybe we'll do a q&a if you want me to do a q&a over on your side, uh as well Whatever, uh, but uh, I'd love to do more stuff with you Yeah, awesome. Yeah, let's I honestly I didn't even I didn't know that pal was they were speaking today So that's when we scheduled it. I had I was like, oh, we'll be it'll be a good time to schedule it. So We'll uh, we'll have another opportunity for sure. Yeah, we'll figure something out and uh, we'll make it happen Awesome. Thanks bruce. All right. Thank you very much Patrick. All right. Yeah, take care. Bye. Bye